Stablecoin News – On July 8, 2025, Dubai’s Financial Services Authority (DFSA) approved the QCD Money Market Fund (QCDT), a tokenized fund launched by Qatar National Bank and DMZ Finance. The fund, targeting institutional investors, aims to bridge traditional finance and Web3 by leveraging stablecoins for reserve management and payment infrastructure. The approval marks Dubai’s growing role as a crypto-friendly hub, competing with Hong Kong and Singapore.
QCDT’s tokenized structure allows seamless integration with blockchain networks, supporting stablecoin use cases like cross-border payments and DeFi liquidity. The fund’s focus on stable assets aligns with the $253.7 billion stablecoin market, per Finery Markets’ June data, driven by tokens like USDT and USDC. Dubai’s regulatory clarity, contrasted with Shenzhen’s scam warnings, positions it to attract institutional capital.
Many on social media praised Dubai’s move, with one user calling it “a step toward Web3 finance.”Challenges include ensuring interoperability with global stablecoin standards and navigating regulatory disparities. The Atlantic Council’s July 8 report highlighted network fee complexities, which could affect QCDT’s adoption. Nevertheless, the fund’s approval signals Dubai’s ambition to lead in tokenized finance, with stablecoins at its core. Its success will depend on scaling institutional use cases and maintaining regulatory trust.
